Hsm 260 Week 8 Foundations Paper

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Foundations
HSM / 260
8/19/2012
Erin Akins

Foundations
There are many funding organization in the community. When looking for one that stood out from the rest, the Community Foundation of South Puget Sound is very interesting. This organization is community based for the area of South Puget Sound. They offer grants and scholarships to preserve resources for tomorrow's community needs (The Community Foundation of South Puget Sound, 2012) . According to this organization they provide services to connect individuals or organizations with causes that they would like to assist with their charitable contributions. With the Community Foundations knowledge for the needs in the community and knowledge of the local nonprofits in their area they have the ability to provide these connections to the individuals and organizations wanting to donate to others in the community. The South Puget Sound Community Foundation organization is assisting others connect in the community by finding the right organization for them to contribute to. There are six (6) different types of funds that one could contribute too. These funds are as follows: Unrestricted Community Funds, Field of Interest Funds, Donor Advised Funds, Scholarship Funds, Designated Funds and the Agency Endowments. The Unrestricted Community Fund is the fund that is used to assist human services, health, arts, education, the environment, needs of the elderly and other needs as well. This fund group is made up of grant committees, a board, community members, that review the applicants for this grant and they also give the recommendation of how the monies should be dispersed. The Field of Interest Fund is the Funds that are allocated for areas of special concern for the ones that are donating funds. This means the funds will be used to support a special need or concern in the community. The funds can be used only for the specific need in the community such as historic preservation, health, the...
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